A Simplified Algorithm for Obtaining Approximate Solutions to Zero-One Programming Problems

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Abstract
This paper is intended to present a simple and quick method for obtaining approximate solutions to large scale zero-one programming problems. The method does not use enumeration. Instead, it assigns measures of preferability to zero-one variables that change the values of the variables from zero to one. The method yields very good approximate solutions to zero-one programming problems in dramatically short computation time. Even for problems involving more than a thousand zero-one variables the computation time is of little concern. The method is applicable not only to those problems associated with obtaining the optimal package of variables with the value one but also to a great variety of binary choice ("Yes-No") problems.

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